Gross national expenditure (current LCU) in Kuwait
Kuwait: Gross national expenditure (current LCU) was 40.70 billion current LCU in 2024. ◆ Volatile
Latest (2024)
40.70 billion current LCU
Change on year
down 0.7%
World rank
153rd
of 186 countries
All-time high
40.98 billion current LCU
in 2023
All-time low
415.00 million current LCU
in 1965
Years of data
60
1965–2024
Gross national expenditure in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross national expenditure in Kuwait is 40.70 billion current LCU, measured in 2024.
The figure is down 0.7% on the previous year and up 39.5% over ten years.
Over the whole period, gross national expenditure in Kuwait peaked at 40.98 billion current LCU in 2023 and was at its lowest, 415.00 million current LCU, in 1965.
Kuwait ranks 153rd of 186 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1965 | 415.00 million current LCU | — |
| 1966 | 501.00 million current LCU | +20.7% |
| 1967 | 601.00 million current LCU | +20.0% |
| 1968 | 612.00 million current LCU | +1.8% |
| 1969 | 647.00 million current LCU | +5.7% |
| 1970 | 660.00 million current LCU | +2.0% |
| 1971 | 722.90 million current LCU | +9.5% |
| 1972 | 762.20 million current LCU | +5.4% |
| 1973 | 805.90 million current LCU | +5.7% |
| 1974 | 1.10 billion current LCU | +36.7% |
| 1975 | 1.59 billion current LCU | +44.2% |
| 1976 | 2.10 billion current LCU | +32.1% |
| 1977 | 2.89 billion current LCU | +38.0% |
| 1978 | 2.96 billion current LCU | +2.2% |
| 1979 | 3.48 billion current LCU | +17.6% |
| 1980 | 4.33 billion current LCU | +24.5% |
| 1981 | 4.82 billion current LCU | +11.3% |
| 1982 | 6.08 billion current LCU | +26.2% |
| 1983 | 5.49 billion current LCU | -9.7% |
| 1984 | 5.43 billion current LCU | -1.1% |
| 1985 | 5.74 billion current LCU | +5.8% |
| 1986 | 5.30 billion current LCU | -7.8% |
| 1987 | 5.27 billion current LCU | -0.5% |
| 1988 | 5.51 billion current LCU | +4.4% |
| 1989 | 6.35 billion current LCU | +15.4% |
| 1990 | 6.00 billion current LCU | -5.5% |
| 1991 | 6.61 billion current LCU | +10.0% |
| 1992 | 6.77 billion current LCU | +2.5% |
| 1993 | 6.98 billion current LCU | +3.0% |
| 1994 | 6.75 billion current LCU | -3.3% |
| 1995 | 7.27 billion current LCU | +7.7% |
| 1996 | 8.19 billion current LCU | +12.7% |
| 1997 | 7.99 billion current LCU | -2.5% |
| 1998 | 8.48 billion current LCU | +6.2% |
| 1999 | 8.57 billion current LCU | +1.1% |
| 2000 | 8.52 billion current LCU | -0.6% |
| 2001 | 9.01 billion current LCU | +5.7% |
| 2002 | 10.66 billion current LCU | +18.3% |
| 2003 | 11.75 billion current LCU | +10.2% |
| 2004 | 13.22 billion current LCU | +12.5% |
| 2005 | 15.17 billion current LCU | +14.7% |
| 2006 | 17.28 billion current LCU | +13.9% |
| 2007 | 21.15 billion current LCU | +22.4% |
| 2008 | 23.44 billion current LCU | +10.9% |
| 2009 | 21.33 billion current LCU | -9.0% |
| 2010 | 21.07 billion current LCU | -1.2% |
| 2011 | 22.40 billion current LCU | +6.3% |
| 2012 | 25.12 billion current LCU | +12.1% |
| 2013 | 27.60 billion current LCU | +9.9% |
| 2014 | 29.17 billion current LCU | +5.7% |
| 2015 | 31.43 billion current LCU | +7.7% |
| 2016 | 33.35 billion current LCU | +6.1% |
| 2017 | 34.94 billion current LCU | +4.8% |
| 2018 | 36.91 billion current LCU | +5.6% |
| 2019 | 37.45 billion current LCU | +1.5% |
| 2020 | 32.16 billion current LCU | -14.1% |
| 2021 | 35.15 billion current LCU | +9.3% |
| 2022 | 39.35 billion current LCU | +12.0% |
| 2023 | 40.98 billion current LCU | +4.1% |
| 2024 | 40.70 billion current LCU | -0.7% |
Kuwait compared with similar countries
- Kuwait's 40.70 billion current LCU is below the median for high income countries, which is 501.74 billion current LCU, 8% of the median. (66 countries reporting)
- Kuwait's 40.70 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.61 trillion current LCU, 3% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 555.20 million current LCU | 415.00 million current LCU | 647.00 million current LCU | 5 |
| 1970s | 1.71 billion current LCU | 660.00 million current LCU | 3.48 billion current LCU | 10 |
| 1980s | 5.43 billion current LCU | 4.33 billion current LCU | 6.35 billion current LCU | 10 |
| 1990s | 7.36 billion current LCU | 6.00 billion current LCU | 8.57 billion current LCU | 10 |
| 2000s | 15.15 billion current LCU | 8.52 billion current LCU | 23.44 billion current LCU | 10 |
| 2010s | 29.94 billion current LCU | 21.07 billion current LCU | 37.45 billion current LCU | 10 |
| 2020s | 37.67 billion current LCU | 32.16 billion current LCU | 40.98 billion current LCU | 5 |
Countries ranked near Kuwait
- 150 Latvia 45.00 billion current LCU compare
- 151 Eritrea 43.63 billion current LCU compare
- 152 Estonia 41.19 billion current LCU compare
- 154 South Sudan 39.89 billion current LCU compare
- 155 Seychelles 39.74 billion current LCU compare
- 156 Turkmenistan 39.34 billion current LCU compare
More economy & growth data for Kuwait
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.61 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.56 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0284 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 916.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.517 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 668.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.97 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
Frequently asked questions
- What is gross national expenditure in Kuwait?
- Gross national expenditure in Kuwait was 40.70 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Kuwait?
- The highest recorded value was 40.98 billion current LCU in 2023.
- What is the lowest gross national expenditure recorded in Kuwait?
- The lowest recorded value was 415.00 million current LCU in 1965.
- How does Kuwait rank for gross national expenditure?
- Kuwait ranks 153rd out of 186 countries with data for 2024.
- Is gross national expenditure rising or falling in Kuwait?
- Over the last ten years it is up 39.5%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross national expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.